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 Copper Penny Bullion Investing
 Anybody get the $50 bags of pennies from the bank?
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Stop Making Cents
Penny Sorter Member


43 Posts

Posted - 09/22/2009 :  22:56:42  Show Profile Send Stop Making Cents a Private Message  Reply with Quote
I used to go in asking for $20, $30 or whatever in pennies until to my surprise, one day the manager asked if I wouldn't rather have the $50 bag of pennies that they fill up with their automatic sorter and then deliver to brinks when it's full.

Sorry if this has already been covered, I'm new here but didn't see anyone talking about them.

They are so much better than rolls, a lot less work. But do you guys think you get the same quality of coins out of these bags? I seem to be getting a high percentage of coppers out of my latest bag. But not many wheats at all (about 7 so far), BUT, i did find a 1938-S, and a 1953-S. I was excited when i saw the S on those. I just haven't found many of them.

Im' a small time sorter, do it all by hand because it relaxes me and gives me something to do while the wife watches reality garbage on tv.

Any thoughts on the $50 bags?



Kurr
1000+ Penny Miser Member



USA
1689 Posts

Posted - 09/22/2009 :  23:02:19  Show Profile Send Kurr a Private Message  Reply with Quote
I like bags.

I found the one silver dime I have found in a penny bag.

Selling coppers- 1.4 + shipping or 11.00 90% Ag or 1/10th oz Au per 100.00, PM me!! ~100.00 (68lbs)Available~

Outlaw: One who is outside both the protection and benefit of the law. Since you cant sue the police for not protecting you, and congress overwhelmingly went against the people to benefit the big business on the backs of the people, congratulations we no longer have the protection or benefit of law. We're all outlaws now.

A number of people are educated beyond, sometimes way beyond, their intelligence. - Tenbears

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Stop Making Cents
Penny Sorter Member



43 Posts

Posted - 09/22/2009 :  23:07:58  Show Profile Send Stop Making Cents a Private Message  Reply with Quote
I'll have to keep my eyes out for silver!

I found a Bahamas penny today, kind of cool it has a starfish on it.



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wagsthadog
Penny Collector Member



USA
473 Posts

Posted - 09/22/2009 :  23:42:56  Show Profile Send wagsthadog a Private Message  Reply with Quote
quote:
Originally posted by Stop Making Cents

I used to go in asking for $20, $30 or whatever in pennies until to my surprise, one day the manager asked if I wouldn't rather have the $50 bag of pennies that they fill up with their automatic sorter and then deliver to brinks when it's full.

Sorry if this has already been covered, I'm new here but didn't see anyone talking about them.

They are so much better than rolls, a lot less work. But do you guys think you get the same quality of coins out of these bags? I seem to be getting a high percentage of coppers out of my latest bag. But not many wheats at all (about 7 so far), BUT, i did find a 1938-S, and a 1953-S. I was excited when i saw the S on those. I just haven't found many of them.

Im' a small time sorter, do it all by hand because it relaxes me and gives me something to do while the wife watches reality garbage on tv.
Any thoughts on the $50 bags?



Hi there-

So, you sort for therapy too, eh? Me too. I do it for the calming effect as much as for the copper.

Maybe we should get together and write a book about the holistic properties of sorting. Forget the dog. Get a Ryedale.

Nice to meet you
wags

Only when they CAN'T have it, ......THEN they'll want it.

I love Cents. If you get an UNC box, you win. If you get a regular circ. box, you win. If you get a zinc box, you don't lose....so you still win.
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Stop Making Cents
Penny Sorter Member



43 Posts

Posted - 09/22/2009 :  23:50:53  Show Profile Send Stop Making Cents a Private Message  Reply with Quote
ha ha, nice to meet you wags.

Yeah, I just can't handle the garbage that passes for television today, but the wife is hooked on it.

I got burnt out on sorting earlier this year, but after a break i'm starting back up.



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HoardCopperByTheTon
Administrator



USA
5253 Posts

Posted - 09/23/2009 :  02:21:43  Show Profile Send HoardCopperByTheTon a Private Message  Reply with Quote
Bags are wonderful!.. Ah, if only I could get some.

Though, whacking the rolls can be therapeautic also.

If your percentages are low.. just sort more. If your percentages are high.. just sort more.

Let me see if I understand this? If you cross the North Korean border illegally, you get 12 years hard labor; the Iranian border illegally you are detained indefinitely. If you cross the US border illegally, you get a driver’s license, a social security card, welfare, food stamps, free health care!



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NotABigDeal
1000+ Penny Miser Member



USA
3251 Posts

Posted - 09/23/2009 :  06:26:21  Show Profile Send NotABigDeal a Private Message  Reply with Quote
Bags are the best. Plain and simple.

Deal

Gun control is like trying to reduce drunk driving by making it harder for sober people to own cars.

If you want peace, prepare for war.
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JobIII
Penny Collector Member



USA
464 Posts

Posted - 09/23/2009 :  07:14:52  Show Profile Send JobIII a Private Message  Reply with Quote
So true. After splitting open 2000 rolls from N.F. String. Your hands hurt, your wrists are sore. With bags, a quick slice at the top and you're in business. They also retain their ability to be a good source for storing if you make a clean cut, fold the top and sow it shut with some thread ( may only apply to the heavier plastic & canvas bags, not sure).

Selling Coppers 1.35 + shipping. *800.00* ~sold~
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TXTim
Penny Collector Member



466 Posts

Posted - 09/23/2009 :  07:39:17  Show Profile Send TXTim a Private Message  Reply with Quote
Bags are easy but dirty when it comes to all the excess crap that falls in the penny chute.
They are about the same as CWR's when it comes to % of copper and wheat. Nothing special.
Be careful where you store them prior to sorting. Keep them inside if possible. Condensation is an issue if you keep them in the garage in a humid climate and that really screws up the way they feed through the Ryedale.

Beer is my currency.
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dakota1955
Penny Hoarding Member



801 Posts

Posted - 09/23/2009 :  08:08:42  Show Profile  Send dakota1955 a Yahoo! Message Send dakota1955 a Private Message  Reply with Quote
I try to get the 50 dollars bag all the time and I do store copper in the bags but I use a zip tie to seal the bags when I have refilled them
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snappy
Penny Pincher Member



USA
169 Posts

Posted - 09/23/2009 :  08:08:54  Show Profile Send snappy a Private Message  Reply with Quote
the bags are all I get. 1 or 2 a week most of the time.
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CoinHunter53562
Moderator



USA
1754 Posts

Posted - 09/23/2009 :  08:09:59  Show Profile Send CoinHunter53562 a Private Message  Reply with Quote
Bags are the ideal thing if you are doing alot of sorting. Hand sorting can be rough on the hands and wrists as someone else mentioned. The only potential downside I can see to bags is if someone else is dumping zincs at that branch, but the chances of that are probably pretty low. There still aren't alot of people doing what we're doing so I would say your chances of finding good stuff are pretty strong. Good luck!

My hobby: collecting real money 1 copper cent or nickel at a time.

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PennySaved
Penny Collector Member



361 Posts

Posted - 09/23/2009 :  09:59:31  Show Profile Send PennySaved a Private Message  Reply with Quote
Do you find bags more at the community banks or the credit unions? I have accounts at both Chase and BofA and they always just have boxes.
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dakota1955
Penny Hoarding Member



801 Posts

Posted - 09/23/2009 :  10:27:31  Show Profile  Send dakota1955 a Yahoo! Message Send dakota1955 a Private Message  Reply with Quote
I find then at banks the credit unions are a waste of time for me.
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Corsair
Penny Collector Member



485 Posts

Posted - 09/23/2009 :  14:32:37  Show Profile Send Corsair a Private Message  Reply with Quote
I like bags. I find that I get slightly higher percentages. However, a major downside for me is the dirt and grime. I absolutely hate it. When you get to the bottom of the bag, it's as if someone dumped lint and dirt and gunk there. Pretty disgusting.

Am I a good person doing bad things? Or a bad person doing good things?
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buyingsilvers
Penny Collector Member



437 Posts

Posted - 09/23/2009 :  18:30:04  Show Profile Send buyingsilvers a Private Message  Reply with Quote
machine sorted - you dont have to deal with the bent up corroded ass pennies.

hand rolled - you get a lot more crappy pennies, but can get some intersting surprises as well.
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Investin Cents
Penny Sorter Member



USA
60 Posts

Posted - 09/23/2009 :  21:40:29  Show Profile Send Investin Cents a Private Message  Reply with Quote
Bags are all I can get - my Credit Union supplies me very well. I just finished a bag 3 days ago and I called my CU this afternoon to inquire about another one. However, I still get some bent and corroded ones, but also some surprises. My dump CU don't mind me dumping - just play it cool and flirt with the lady tellers!

If I were two-faced, would I be wearing this one? - A. Lincoln
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PennySaved
Penny Collector Member



361 Posts

Posted - 09/25/2009 :  11:02:39  Show Profile Send PennySaved a Private Message  Reply with Quote
I asked one of the managers at Chase yesterday if she could order me bags vs the machine rolled. She told me she could not. She said when they order them into the bank they come as rolls and when they send them out from the bank they put them in bags.
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Pyramid
New Member



6 Posts

Posted - 09/25/2009 :  15:25:42  Show Profile Send Pyramid a Private Message  Reply with Quote
I have found 1 bank that will sell me their bags, can get 2-3 every week if I want that many. I also have 2 banks that will sell me boxes if they have a surplus (usually do). I'm probably in the minority here, but personally, I like the boxes better. Much cleaner as others have mentioned and faster for me once you find a good method to open the paper rolls (hand sorting, for Ryedales I'm sure the bags are much faster).

Get one of those cheap utility knifes that have the perforated blade that you break off the end to get to a new section. Cut through the top layer of paper and barely scar the bottom layer along the whole length of the roll, sort of like cutting drywall. Give the roll a quick twist in opposite direction with both hands and the paper breaks clean and the whole roll literally rolls into you hand. No further organizing needed, which is a pain when grabbing handfulls with the bags. This works pretty well for the plastic rolls also.
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PennySaved
Penny Collector Member



361 Posts

Posted - 09/25/2009 :  17:01:06  Show Profile Send PennySaved a Private Message  Reply with Quote
I want to try bags since some of the members on here have had neat finds such as: a gold ring or a gold coin

I don't think you would find a gold ring in a roll. It makes sense that someone's ring might slip off their hand when they are dealing with a bag.
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